Contingencies Fund Advance Debate
Full Debate: Read Full DebateDepartment: Department for Digital, Culture, Media & Sport
Oliver Dowden
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Contingencies Fund Advance
Oliver Dowden Excerpts(3 years, 3 months ago)
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The Secretary of State for Digital, Culture, Media and Sport (Oliver Dowden)
The Department for Digital, Culture, Media and Sport has sought in its supplementary supply estimate 2020-21 the resources, capital and cash it requires to operate for this financial year.
The funds associated with this estimate will not be released until the Supply and Appropriation Bill achieves Royal Assent in early March. The Department has therefore sought a Contingencies Fund advance which will be repaid once Royal Assent has been obtained.
Parliamentary approval for resources of £1,668,432,000, capital of £520,836,000 and cash of £57,000,000 has been sought in a supplementary estimate for the Department for Digital, Culture, Media and Sport. Pending that approval, urgent expenditure estimated at £2,246,268,000 will be met by repayable cash advances from the Contingencies Fund.
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